Use the Following to Answer Questions

question 93

Multiple Choice

Use the following to answer questions :
Scenario: Open Economy S = I
In an open economy GDP is $12 trillion this year. Consumption is $8 trillion, and government spending is $2 trillion. Taxes are $0.5 trillion. Exports are $1 trillion, and imports are $3 trillion.
-(Scenario: Open Economy S = I) Look at the scenario Open Economy S = I. What is the government budget balance?

• A)a surplus of $1.5 trillion
• B)a deficit of $1.5 trillion
• C)a deficit of $0.5 trillion
• D)a surplus of $3.5 trillion

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Definitions:

Time Management

The process of organizing and planning how to allocate one's time between various activities to effectively achieve goals.

Underestimate

To judge something below its actual value, importance, or strength.

Procrastination

The act of delaying or postponing tasks, often leading to stress, anxiety, or reduced performance.

Physiological State

The condition of the body's normal functions and processes, which can be influenced by factors like health, exercise, and stress.